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Strategies & Market Trends : Attitude Alphabet Project
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To: Magnatizer who wrote (69)5/31/1999 3:13:00 AM
From: Doug R  Read Replies (2) of 670
 
David,

I hope you got through it ok.

I've gone through the initial screening of the stocks in my group. There were 42 of them this time. The first run-through eliminates those without underlying strength in the intermediate term technicals and those for which the timing for entry may be getting stale. Those that pass get treatment for resistance and targets. I toss those with resistance within 10% of the current price if the technical strength may not be enough to take it out. That leaves it a matter of calculating % to target on the rest. The Milesov +25s that make it to the % gain calculation have a hard time beating out the smaller stocks for the obvious reason that a jump in a smaller stock will be a greater % move. This leaves me with the idea that since you take the time to post the hits, I should at least let you know which of the weekly close +25s rise to the top of that list. ADIC, CLFY, CATT, AGN, ASD and CAFC get top honors for next week. ADIC may even make it as one of the 2 official A picks. I'll know tomorrow.
Yeesh...42 stocks across 4 letters (there were no XYZ hits thank goodness) and so far I have it narrowed down to 3 As, 4 Cs, 5 Ms and 3Rs. Tomorrow I tackle the resistance/target/%potential stuff.
After another Memorial Day picnic of course.
I found I can still hang with the crowd in softball today. 3 doubles and a triple...the distance from 2nd to 3rd is MUCH longer than from 1st to 2nd...>>gg<<.

Happy Memorial Day

Doug R
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